Samsung banks on 4G phone recovery

Bloomberg reports phone maker Samsung missed analyst forecasts and recorded a drop in operating income for the third quarter in a row: Samsung Sees Phone Rebound After Earnings Miss Estimates.

The company says it expects a recovery in the next quarter as consumers snap up 4G phones and Samsung has the opportunity to sell its Galaxy S5 model before Apple refreshes its iPhone range later this year.

Bloomberg has much to say about Samsung losing market share to low-end Chinese-made smartphones. The report also suggests new iPhones with larger screens could further dent Samsung sales.